Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: JohnM who wrote (130862)	2/14/2010 3:24:08 PM
From: Steve Lokness	Read Replies (1) \| Respond to of 542946

probably should have just passed this one by. But take a shot. If you wish. Greece is borrowing for today and pushing off hard decisions that should be made now. Isn't that really what Keynesians are doing? Borrowing from tomorrow to help us out today. In the case of Greece it is their lottery funds that have been obligated - in the case of America we just charge it to our kids. To me I just see those supporting Keynesian ways as never facing the reality that all this debt has a downside. It does. Whether you are a home owner that borrowed too much and lived a life style above what others did, or whether it was Greece or whether it is America today. They all have the common basic tenet that hard decisions to live within ones means don't have down sides. We are now seeing the down side in Greece just as many home owners are seeing the down side. Will it be different for America? Home owners were seduced by the idea that home prices would go up forever, Greece was seduced by GS and America is being seduced that there will be no pain.